Petróleo Brasileiro S.A. – Petrobras (PBR) Projected to Post Earnings on Friday

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is projected to announce its earnings results before the market opens on Friday, March 14th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $126.02 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Petróleo Brasileiro S.A. – Petrobras Trading Down 1.0 %

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $12.85 on Friday. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.44. The firm has a market cap of $82.78 billion, a PE ratio of 5.02, a P/E/G ratio of 0.18 and a beta of 1.39. The business’s fifty day moving average is $13.73 and its two-hundred day moving average is $14.10. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65.

Analysts Set New Price Targets

A number of research analysts have weighed in on PBR shares. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group increased their price target on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.81.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.